POWER Magazine•11 days ago
Google Has Deal with NextEra to Restart Duane Arnold Nuclear Plant
Key Takeaway
This deal underscores the strong market demand from large power consumers like Google for long-term, firm, carbon-free power, even from previously retired nuclear assets, signaling a potential new avenue for asset revitalization and clean energy procurement.
AI Summary
- •Google has signed a 25-year Power Purchase Agreement (PPA) with NextEra Energy to secure power from the Duane Arnold nuclear plant.
- •This long-term PPA underpins NextEra's plan to restart the Duane Arnold nuclear plant, which was previously retired.
- •The deal signifies a major technology company's commitment to securing firm, carbon-free power directly from a nuclear asset.
- •For large power consumers and developers, this highlights the increasing value of long-term, stable, and carbon-free power sources, potentially driving investment in existing or new firm generation.
Topics
policydatacenterppaemissions
Article Content
NextEra Energy said technology giant Google has signed a 25-year deal to buy power from the utility's Duane Arnold nuclear power plant, which the Florida-based energy provider wants to restart. The post Google Has Deal with NextEra to Restart Duane Arnold Nuclear Plant appeared first on POWER Magazine .